Having recently switched employers myself, just curious - if you had relatively the same role and responsibilities, what sort of pay increase would cause you to consider jumping ship? 5%? 10%? 20%? 50% or more?
What Sort of Pay Increase Would Make You Jump Ship?
NotAnAudiophile on 15/02/2022 - 21:15
Comments
Yes. The people may be worse. The customers may be worse. The systems may be worse. There are a lot of risks. The older I get, the higher the % increase required.
It's more than that.
What are the potential career advances at this place vs the new place?
Are there stock options at either place?
What about bonuses? and which one has more achievable bonuses?
What's the team like? Is the company likely to be around in a few years?
Commute? Work from home? days off?
There's a dozen or more factors. Pay isn't just one. I'd jump ship for a 0% increase if it was for a company like Atlassian, because of the stock options for example.
Depends on the colleagues, culture and clients - they would have to be better to jump ship to do the exact same work
Unless it is a crazy increase like 50% and I know the three Cs are not worse.
Changing jobs is stressful
Unless it is a crazy increase like 50% and I know the three Cs are not worse.
I jumped recently for a 100% increase, but I got one "C" more than I bargained for. I got a C%&t of a director who I have to be prepared to have a heated exchange with each time we meet.
The people and and culture has a huge influence on how the job is. But it's usually an unknown until we get there. So, we would normally have to decide whether to accept without knowing (or with very limited knowledge).
Yeah that's another reason not to change jobs if the people you're working with are at least okay! You could end up regretting it :(
Although must be hard to decide whether to leave if you're getting paid so much
You could end up regretting it :(
I've had that once before early in my career. I lasted three days. It seemed like my manager didn't like me very much and just nitpicked. Lots of little things like being hauled in for not wearing a jacket on a 27 degree day and she thought that me talking to my own team was 'disruptive'. Bit weird to me because she is the one that interviewed and hired me too.
Although must be hard to decide whether to leave if you're getting paid so much
The thing that's stopping me quitting right now is simply the thought of giving up so easily and just because of one person. The money side is good, but still not the best. I had offers of 50% more than current - but that's back in the industry I was in before and I do want to upskill across more than one industry to make myself more employable (which is what I'm doing now).
I've had that once before early in my career. I lasted three days. It seemed like my manager didn't like me very much and just nitpicked. Lots of little things like being hauled in for not wearing a jacket on a 27 degree day and she thought that me talking to my own team was 'disruptive'. Bit weird to me because she is the one that interviewed and hired me too.
Hey look, I highlighted the issue. I lasted about 2 months with someone very similar.
@tallkid123: haha I know exactly what you're saying and from my own experience, I can't say I disagree.
I often try to not let those sorts of things come into my thought processes and to look at things on an individual basis, but my experiences just tell me otherwise. As soon as I see signs of this kind of behaviour, I don't want to deal with it! 😁@bobbified: It's a shame because it's all too common.
What's even more unfortunate is that my wife actually agrees with me.
@tallkid123: It's one of those things that a lot of people agree with but don't want to publicly say because it's not politically correct.
Y’all are getting offers/raises?
If you're in Engineering and you're not looking at other opportunities, you're doing it wrong*. Massive demand and huge shortage right now. Salary offers are UP!
*Unless salary increases aren't your main motivation.
I couldn’t be further from engineering if I tried unfortunately :(
Looks like we found the environmental engineer
What type of engineering?
Civils, Mechanical, Electrical, Hydraulics, Railway etc.
Ceteris Paribus, I would say $10K at least.
However, always other factors to be considered$10k when you're on $40k or $10k when you're on $100k?
0% if it was a better environment, nicer people, better prospects for advancement, better conditions, more flexibility…
Absolutely, money isn’t everything
Have you considered giving your co workers doughnuts and being nice to them.
Everyone says the environment sucks but what effort to you put in
I agree, meet so many team members, who complain about the workplace being crap etc.
But at the end it's actually them who brings most trouble to the workplace with no work, no shows, abuse, rants, excuses.
Workplaces really need team effort, without that it really wont go anywhere.
Yep
Min of $20K or 25%.
20-25 percent
More money sounds like more responsibilities so no thank you.
It's the Peter Principle.
Personally I believe aiming for a OK-ish but lower pay lower contact hour job is much better than climbing the ladder. The amount of free time to instead invest in your side-gig which will accelerate your plans towards financial freedom is much better than destroying your health.
It really depends. We are all resilient and can adjust to a new normal. More responsibility can equal more fulfilling work. You may be given accountability for strategy and for a great team.
Salary isn't my main motivation. I can earn +$30-50k by jumping ship right now to any competitor but I value the people, projects, atmosphere, progression, autonomy and flexibility in current company that I know competitors do not have. There's a huge amount of value in this personally, instead of much more restrictive and uncomfortable working environments for higher highly-taxed pay.
I agree too, for me honestly money isn't everything (it is a very important factor however). For me, having nice co-workers, supervisors, leaders, managers etc. is most important. You give me a shitty manager, (regardless of pay) I'll hand in my 2 weeks the next day, (given I found another employment with better respect, attitude and ethics towards all team members soon enough).
Actually going through this recently I got offered like 10-17% increase in salary, and happy till now. Hoping the new competitor will have better respect than my current workplaces (one of them is seriously crap though, hence no regrets in leaving that company)
5 important factors:
1) Fair pay
2) Workplace flexibility
3) Good manager/colleague relationships
4) Interesting, challenging or rewarding work
5) Autonomy/EmpowermentEven if someone got paid $100k more but missed out on 2 to 5, most would leave that position quite quickly.
My preferential order, 4,3,2,1,5 - although I’d like to think 1 is more like ‘good pay’ assuming ‘fair pay’ is required under law.
I would go negative if there’s real learning and development potential which will lead to long term benefits.
Interesting that in the taxation thread recently there were plenty saying taxes were an onerous disincentive for highly paid workers.
Yet in this thread people are saying money is quite a small factor in work and career decisions compared to co-workers, role, experience, autonomy.
Huh.
Well if you're at the point where any increased pay would be taxed at 45%… there isn't as much extra take-home pay to weigh up against the value of good co-workers, role, managers, etc. Right?
I’m not arguing people enjoy paying tax, rather that if tax rates were reduced, it still wouldn’t be a huge motivator for highly paid people to pursue extra money.
Because once you have enough to be comfortable, the other things become the real motivation.
what if you were saving 10k per year, and with the new payrise you can save 20k per year, even though you are paying 45% tax you have actually increases your savings ability by 100%
Depends if the new job requires me to do much work ;)
I would say 15% would definitely warrant looking and having discussions.
Just jumped. Technically no pay increase. Really, I've gone from $70ish base but $85ish after loadings no leave etc to now $85k base exc super with leave etc.
My workload has drastically improved as has the environment plus my title has changed. I feel like I'm using all my skills.
Tree fiddy.
I'd take a 10% cut at this point (source: hate my job but the pay is good).
I'm still comfortable at my company but a few of my colleagues have left within the last 3 months for more money elsewhere. I'm casually browsing but wouldn't move unless I got at least $30k more elsewhere though.
I left a manager I didn’t agree with for similar money but much better conditions.
More recently I left a manager and stressful business during a time of seemingly unending change, then landed a significantly lower paying job that has thus far been great.
If I’m getting fair pay, and have good conditions there is very little to leave for. I’d much rather have good conditions than good money.
25% for my personal circumstances as I have many benefits in work which can be hard to put a dollar value on it.